Get NM TRD RPD-41317 2006
-1 or the fiduciary income tax return, Form FID-1. The solar market development tax credit may be deducted only from the taxpayer s New Mexico personal or fiduciary income tax liability. Apply unused credit from carry forwards before applying new credit to the tax liability. Credit unused in a tax year may be carried forward for a maximum of 10 consecutive tax years following the tax year in which the solar thermal or photovoltaic system was certified and the credit was approved. See schedule.
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